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The Denver Post violated a joint-operating agreement with E.W. Scripps Co., which owns the Rocky Mountain News, by borrowing $13 million from a shared account to pay Post newsroom employees, according to the Rocky, which writes that the concern was raised in a December 9 Scripps letter to Post executives. The Rocky obtained the letter from an anonymous source via e-mail on Monday.
Both newspapers are struggling financially, particularly the Rocky, which Scripps wants to sell. Scripps has yet to announce–or maybe find–a buyer for its paper, the Denver Business Journal notes, adding that the Rocky could still be shut down.
That's only $1 per issue!
As The New Yorker magazine writes, “The newspaper is dead. You can read all about online, blog by blog,” although that’s not necessarily a good thing for democracy.
Meanwhile, Rocky supporters, including its employees, will gather for a vigil tomorrow night, inviting all who care about the news to the Denver Press Club, 1330 Glenarm Place, at 6 p.m. for a march to the newspaper agency building at 101 West Colfax, according to IWantMyRocky.com.